[STILL OPTIONS]
In the midst of recession mire lurks opportunity for the patient.
Take your pick from a variety of technical short indicators on C to coincide with the lay-offs:
Trade a straight forward channel on the TSO chart:
Continuation signals swiftly followed by strong reversal patterns on RIMM (DB, Inv. H&S):
Increase your petrol money by spotting the easy S break trades and tops in RIG:
Trade a magnitude of consecutive bear flags and 20ema retracements as your marvel at the low price in GM these days:
There has been some good action the past week or so, C has been nice even as I write this. I think the market is in a better shape than it was 3 weeks ago. The relentless bad news has finally been absorbed by the market as it realises it is in a recession and will be for a while. Good to get a clean out.
At this rate I expect to be back in the market around Christmas.
Take your pick from a variety of technical short indicators on C to coincide with the lay-offs:
Trade a straight forward channel on the TSO chart:
Continuation signals swiftly followed by strong reversal patterns on RIMM (DB, Inv. H&S):
Increase your petrol money by spotting the easy S break trades and tops in RIG:
Trade a magnitude of consecutive bear flags and 20ema retracements as your marvel at the low price in GM these days:
There has been some good action the past week or so, C has been nice even as I write this. I think the market is in a better shape than it was 3 weeks ago. The relentless bad news has finally been absorbed by the market as it realises it is in a recession and will be for a while. Good to get a clean out.
At this rate I expect to be back in the market around Christmas.
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